Fluence Energy Inc (NASDAQ:FLNC) has a beta value of 2.54 and has seen 1.89 million shares traded in the last trading session. The company, currently valued at $4.05B, closed the last trade at $22.42 per share which meant it gained $0.27 on the day or 1.22% during that session. The FLNC stock price is -24.0% off its 52-week high price of $27.80 and 43.18% above the 52-week low of $12.74. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.47 million shares traded. The 3-month trading volume is 1.67 million shares.
The consensus among analysts is that Fluence Energy Inc (FLNC) is Buy stock at the moment, with a recommendation rating of 1.52. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 16 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.29.
Fluence Energy Inc (NASDAQ:FLNC) trade information
Sporting 1.22% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the FLNC stock price touched $22.42 or saw a rise of 1.23%. Year-to-date, Fluence Energy Inc shares have moved -6.00%, while the 5-day performance has seen it change 7.58%. Over the past 30 days, the shares of Fluence Energy Inc (NASDAQ:FLNC) have changed 5.95%. Short interest in the company has seen 11.09 million shares shorted with days to cover at 7.54.
Wall Street analysts have a consensus price target for the stock at $26, which means that the shares’ value could jump 13.77% from current levels. The projected low price target is $18.0 while the price target rests at a high of $47.0. In that case, then, we find that the current price level is -109.63% off the targeted high while a plunge would see the stock lose 19.71% from current levels.
Fluence Energy Inc (FLNC) estimates and forecasts
Figures show that Fluence Energy Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 7.68% over the past 6 months, with this year growth rate of 108.33%, compared to -5.80% for the industry. Revenue growth from the last financial year stood is estimated to be 24.60%.
21 analysts offering their estimates for the company have set an average revenue estimate of 1.3B for the current quarter. 16 have an estimated revenue figure of 711.2M for the next ending quarter. Year-ago sales stood 672.98M and 407.61M respectively for this quarter and the next, and analysts expect sales will grow by 93.30% for the current quarter and 24.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 10.91% over the past 5 years.
FLNC Dividends
Fluence Energy Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Fluence Energy Inc (NASDAQ:FLNC)’s Major holders
Insiders own 31.18% of the company shares, while shares held by institutions stand at 79.07% with a share float percentage of 114.90%. Investors are also buoyed by the number of investors in a company, with Fluence Energy Inc having a total of 335.0 institutions that hold shares in the company. The top two institutional holders are SIEMENS AG with over 39.74 million shares worth more than $689.06 million. As of 2024-06-30, SIEMENS AG held 31.3285% of shares outstanding.
The other major institutional holder is SIEMENS PENSION TRUST E V, with the holding of over 11.76 million shares as of 2024-06-30. The firm’s total holdings are worth over $203.94 million and represent 9.2722% of shares outstanding.
